Boston Research & Management Inc. Buys 2,190 Shares of NextEra Energy, Inc. (NYSE:NEE)

Boston Research & Management Inc. boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,744 shares of the utilities provider’s stock after buying an additional 2,190 shares during the period. NextEra Energy makes up approximately 1.3% of Boston Research & Management Inc.’s investment portfolio, making the stock its 29th largest position. Boston Research & Management Inc.’s holdings in NextEra Energy were worth $5,151,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of NEE. Columbus Hill Capital Management L.P. increased its stake in NextEra Energy by 29.3% in the second quarter. Columbus Hill Capital Management L.P. now owns 331,145 shares of the utilities provider’s stock valued at $23,448,000 after acquiring an additional 75,000 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of NextEra Energy by 5.9% in the second quarter. Pacer Advisors Inc. now owns 144,874 shares of the utilities provider’s stock worth $10,259,000 after acquiring an additional 8,061 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of NextEra Energy by 1.7% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 411,963 shares of the utilities provider’s stock valued at $29,171,000 after purchasing an additional 7,000 shares in the last quarter. Ranch Capital Advisors Inc. grew its holdings in shares of NextEra Energy by 12.4% during the 2nd quarter. Ranch Capital Advisors Inc. now owns 15,792 shares of the utilities provider’s stock valued at $1,118,000 after purchasing an additional 1,743 shares during the last quarter. Finally, AE Wealth Management LLC raised its position in NextEra Energy by 9.8% in the second quarter. AE Wealth Management LLC now owns 70,781 shares of the utilities provider’s stock valued at $5,012,000 after purchasing an additional 6,340 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the transaction, the executive vice president now directly owns 100 shares in the company, valued at $7,697. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.18% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Jefferies Financial Group assumed coverage on NextEra Energy in a report on Thursday. They set a “hold” rating and a $87.00 price target on the stock. Wells Fargo & Company boosted their target price on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a report on Tuesday, September 3rd. Bank of America lifted their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Barclays raised their price objective on shares of NextEra Energy from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Friday, August 16th. Finally, Scotiabank boosted their target price on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $81.87.

NextEra Energy Stock Up 0.6 %

NEE opened at $82.76 on Friday. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $85.56. The company’s 50-day moving average price is $78.33 and its two-hundred day moving average price is $72.22. The stock has a market cap of $170.03 billion, a price-to-earnings ratio of 22.55, a PEG ratio of 3.03 and a beta of 0.56. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The company had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $7.29 billion. During the same quarter in the previous year, the firm posted $0.88 EPS. As a group, equities analysts expect that NextEra Energy, Inc. will post 3.39 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date was Friday, August 30th. NextEra Energy’s payout ratio is currently 56.13%.

NextEra Energy Company Profile

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.